I have already posted a chart on Reliance using candlestick charting method
Here i am trying post an price bond Ranko Charts , which clearly indicate the upside is still due to complete ,
Well many people might not be aware of Ranko , let me explain , its an Price based movement , it does not count the time factor it only calculate the
Function of price ( ATR or FIxed Price) per brick
I used EW theory to apply on daily chart using Ranko , it clearly indicate the price have jumped off form Contracting flat , usually when you see contracting triangle they represent aggressive behavior and they tend to move form its recent peak low before B O to extent of 161.8 % of Fibonacci price range
and in 15 mints Ranko chart i have represented an on going Regular flat pattern , which are common on regular interval , and any reversal is indication of one more move up One can look for buying on reversal so they can position for this move up
Trade active
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Exactly what i said , Look for buy set up , Having complete knowledge is very important ,